Buyers' Market for Oil Companies in Davos

"We are all on a capital diet right now, and that means that some of these projects won't be developed unless terms are attractive," the CEO of one oil major said. That presents an opportunity for players who in the old days would always lose out to majors.

"Majors will no longer be developing the lion's share of big projects in the world. But it doesn't necessarily mean they will remain undeveloped. I expect national oil companies like China's CNPC and even mid-sized independents to step in and fill the space," another oil executive said.


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